Ecuador vs Iceland: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Ecuador
- Iceland
How they compare
Iceland currently reports 2.6% against 2.5% in Ecuador, a difference of 0.1%.
The two have swapped places 1 time across 10 shared years of data; in 2013 it was Ecuador ahead.
Ecuador ranks 80th and Iceland ranks 77th of 136 countries.
Ecuador has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Ecuador | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 6.7% | -3.6% | 10.2% | Ecuador |
| 2020s | 6.4% | 5.6% | 0.7% | Ecuador |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Ecuador or Iceland?
- Iceland, at 2.6% against 2.5% in Ecuador as of 2023.
- What is the difference in net incurrence of liabilities, total between Ecuador and Iceland?
- 0.1%, with Iceland ahead.
- How many years of comparable data are there for Ecuador and Iceland?
- 10 years are reported by both, from 2013 to 2022.
- How do Ecuador and Iceland rank globally for net incurrence of liabilities, total?
- Ecuador ranks 80th and Iceland ranks 77th of 136 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net incurrence of liabilities, total (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.